This paper estimates the impact of judicial decisions, mainly the prosecution and court sentencing of controlling shareholders' corporate crime, embezzlement, and breach of fiduciary duty, on the market value of a firm. The indictment or imprisonment of controlling shareholders in Korean large...

This paper investigates the relationship between family firm, internal, external governance and corporate fraud. We focus on the judicial and market attitude toward professional top managers, not controlling shareholder, involved in corporate fraud, especially in family-controlled business group...

This paper estimates the impact of criminal justice process, mainly the indictment and conviction of controlling shareholders duty, on the market value of a firm. The indictment or imprisonment of controlling shareholders in Korean large business groups, chaebols, provides an opportunity for...

This paper estimates the impact of criminal justice process, mainly the conviction of controlling shareholders, on the market value of entire business group as well as its subsidiary. The court conviction of controlling shareholders in Korean large business groups, chaebols, provides meaningful...

This paper investigates the relationship between family firm, internal, external governance and corporate fraud. We focus on the judicial and market attitude toward professional top managers, not controlling shareholder, involved in corporate fraud, especially in family-controlled business group...

This paper investigates the relationship between family firm, internal, external governance and corporate fraud. We focus on the judicial and market attitude toward professional top managers, not controlling shareholder, involved in corporate fraud, especially in family-controlled business group...

This paper investigates judicial size premium, the judicial bias in favor of large economic organizations. The Korean judiciary is biased with regard to chaebols (large family business groups). Convicted chaebol-related defendants receive 9.9%p more jail-sentence suspension and 19 month shorter...